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About Asymmetric Information and Adverse Selection. Based on Akerlof
Based on Akerlof (1970). A Simple Labor Market Model. Many identical firms. Firms risk neutral (Maximize expected profit). Firms price taking. Price of output = 1.
Detailed Information
Author: | Unknown |
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Publication Year: | 2007 |
Pages: | 85 |
Language: | English |
File Size: | 0.19 |
Format: | |
Price: | FREE |
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